Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Lead the development and management of innovative annuity products.
- Company: Join M&G, a trusted international savings and investments business with over 170 years of experience.
- Benefits: Enjoy flexible working arrangements and workplace accommodations tailored to your needs.
- Why this job: Be part of a collaborative team focused on creating market-leading financial products that make a difference.
- Qualifications: Experience in annuities or related financial products is essential; strong analytical skills required.
- Other info: M&G values diversity and inclusivity, welcoming applicants from all backgrounds.
The predicted salary is between 43200 - 72000 £ per year.
At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients, and superior shareholder returns.
Through our behaviours of telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.
We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.
Annuity Product Manager
The Propositions team is made up of subject matter experts with extensive knowledge of M&G’s insured propositions and a deep understanding of the legislative, regulatory and tax framework within which the products are operated. The Individual Products team has primary responsibility for ensuring that our propositions are sold to their target market and provide our advisers and their customers with market leading propositions.
We are seeking a highly motivated and experienced Annuity Product Manager to join our Individual Products team. The Annuity Product Manager will be responsible for the development, management, and enhancement of our annuity products. This role requires a deep understanding of the annuity market, strong analytical skills, and the ability to work collaboratively across the M&G business. Experience in other product ranges such as income drawdown and individual pensions an advantage.
Key Responsibilities:
Product Development and Management:
- Lead the development and enhancement of annuity products, ensuring they meet market needs and regulatory requirements.
- Conduct competitive analysis to identify trends and opportunities for product innovation.
- Develop product specifications, contribute to pricing strategies, and positioning to ensure competitiveness and profitability.
Cross-Functional Collaboration:
- Work closely with distribution, marketing, actuarial, legal, and compliance teams to ensure successful product launches and ongoing management.
- Provide training and support to sales teams to enhance their understanding and promotion of annuity products.
Regulatory Compliance:
- Ensure all annuity products comply with relevant regulations and industry standards.
- Stay updated on regulatory changes and assess their impact on existing and new products.
Performance Monitoring and Reporting:
- Monitor product performance, including sales, profitability, and customer satisfaction.
- Prepare regular reports and presentations for senior management, highlighting key metrics and insights.
Customer Focus:
- Gather and analyze customer feedback to continuously improve product offerings.
- Develop and implement strategies to enhance customer experience and retention.
- Develop and manage products in line with Consumer Duty expectations.
Work Level: Manager Expert
Recruiter Name: Phoebe Ewers
We have a diverse workforce and an inclusive culture at M&G plc, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.
M&G is also proud to be a Disability Confident Leader , and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions. Being a Disability Confident Leader means that candidates who meet the minimum criteria of a job, will be offered an interview if they \’opt in\’ to the scheme when applying.
Ifyou need assistanceor an alternative means of applying for a role due to a disability or additional need,pleaselet usknow by contacting us at: careers@mandg.com
#J-18808-Ljbffr
Annuity Product Manager employer: M&G
Contact Detail:
M&G Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Annuity Product Manager
✨Tip Number 1
Familiarise yourself with the latest trends in the annuity market. Understanding current market dynamics and regulatory changes will not only help you in interviews but also demonstrate your commitment to staying informed in this field.
✨Tip Number 2
Network with professionals in the financial services industry, especially those involved in product management or annuities. Engaging in conversations can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Prepare to discuss your experience with cross-functional collaboration. Highlight specific examples where you've worked with teams like marketing, compliance, or actuarial to launch or enhance products, as this is crucial for the Annuity Product Manager role.
✨Tip Number 4
Showcase your analytical skills by being ready to discuss how you've used data to drive product decisions in the past. Being able to present metrics and insights will be key in demonstrating your fit for the position.
We think you need these skills to ace Annuity Product Manager
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities of an Annuity Product Manager. Familiarise yourself with product development, regulatory compliance, and cross-functional collaboration as outlined in the job description.
Tailor Your CV: Customise your CV to highlight relevant experience in annuity products, product management, and any analytical skills you possess. Use specific examples that demonstrate your ability to meet market needs and regulatory requirements.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the financial services industry and your understanding of the annuity market. Mention how your previous experiences align with M&G's values and the key responsibilities of the role.
Highlight Collaborative Experience: Since the role requires working closely with various teams, emphasise any past experiences where you successfully collaborated across departments. This could include working with marketing, legal, or compliance teams to launch products.
How to prepare for a job interview at M&G
✨Understand the Annuity Market
Before your interview, make sure you have a solid grasp of the current trends and challenges in the annuity market. Familiarise yourself with recent regulatory changes and how they impact product development. This knowledge will demonstrate your expertise and commitment to the role.
✨Showcase Analytical Skills
Be prepared to discuss your analytical skills and how you've used them in previous roles. Think of specific examples where you've conducted competitive analysis or developed product specifications. Highlighting these experiences will show that you can contribute effectively to product management.
✨Emphasise Cross-Functional Collaboration
Since the role involves working closely with various teams, be ready to share examples of how you've successfully collaborated across departments in the past. Discuss how you’ve facilitated communication between teams like marketing, legal, and compliance to ensure successful product launches.
✨Focus on Customer Experience
M&G values customer feedback and experience, so come prepared to discuss how you've gathered and analysed customer insights in your previous roles. Share strategies you've implemented to enhance customer satisfaction and retention, as this aligns with the company's focus on Consumer Duty expectations.